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Real Estate (Page 9)

In: General Interest, Real Estate, REIQ

Contributed By: Claire Ryan - REIQ on

Enduring low days on market and higher listings than pre-COVID, are indicative of a property market holding firm, according to the latest quarterly data (September 2022 Qtr) analysed by the Real Estate Institute of Queensland (REIQ). With extraordinary double-digit annual median sale growth in most regions across Queensland, REIQ CEO Antonia Mercorella said there are plenty of reasons to remain confident in the strength and resilience of property in the sunshine state. “The average number of days on market in Queensland is now sitting at 19 days, compared to 51 days pre-COVID,” Ms Mercorella said. “While it got as low as 16 days earlier thisRead More →

In: ARAMA, General Interest, Real Estate

Contributed By: ARAMA on

QUEENSLAND is besieged by a housing crisis and in desperate need of 55,000 new rental properties. The perfect formula to help alleviate this desperate situation is the business of Management and Letting Rights. I attended the Queensland Housing Summit on October 20, where one of the key messages was that it is high time to further encourage property developers, property investors and the property management industry. Developers and investors provide the necessary homes for people to live in, while it has been shown time and time again that Resident Managers make Community Title Schemes run more efficiently and provide housing that is far more affordableRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Real Estate Institute of Queensland (REIQ) has welcomed the immediate support to sustain tenancies, but says there’s still a lot of work to be done to address housing supply, in response to the Housing Summit Outcomes Report released today. REIQ CEO Antonia Mercorella said the immediate financial housing support, to be released prior to Christmas, would come as a welcome relief to the Queensland community. “The $48.5 million towards housing support, including tenancy sustainment, loans and grants, will benefit the most vulnerable in our community by helping to keep a roof over their head and reducing cost-of-living pressures over Christmas,” Ms Mercorella said. “GivenRead More →

In: Insurance, Real Estate

Contributed By: Aon Insurance on

Common claims in real estate, and how to remain diligent The real estate industry has never been known as uneventful. Whether it’s changing interest rates, legislation and rental reform, or even technological developments, it’s an industry that is used to seeing change. The one constant that remains present though, regardless of the developments in the industry, is the risk of having an allegation of professional negligence against you. Whether it’s property mismanagement, misrepresentation or underquoting, the nature of the work you do can sometimes be subject to some serious complexities. While you might think nothing will happen to you because you are careful, the truthRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Real Estate Institute of Queensland (REIQ) says it’s a relief that the Queensland land tax regime was officially repealed with an amendment moved in Parliament yesterday. REIQ CEO Antonia Mercorella congratulated the state government for making the move to stop the controversial reform before it came into effect saying it was the right decision for Queensland renters, investors, and businesses. “From the outset, the REIQ led with strong opposition to this confidence-shattering regime,” Ms Mercorella said. “We feared the repercussions for our economy and the potential damage it would cause to residential and commercial rental relationships for a relatively insignificant gain. “Our concerns wereRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

It comes as no surprise that Queensland’s tight residential vacancy rates have not shown any substantial signs of easing over the September quarter 2022, according to the Real Estate Institute of Queensland’s (REIQ) latest report released today. At the Queensland Housing Summit held last month, which highlighted the serious housing supply shortage plaguing the state, stakeholders conceded that there was no silver bullet that would solve the housing crisis overnight. Vacancy rates are an indication of the percentage of properties that come onto the market to rent, and according to the REIQ, a healthy vacancy rate sits between 2.6 – 3.5 percent. In many partsRead More →

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Real Estate Institute of Queensland (REIQ) is launching a bold brand identity today that reflects the exciting evolution of the state’s peak body for real estate professionals and sets it up for the next hundred years. REIQ CEO Antonia Mercorella said over the past 104 years, the REIQ had proudly served its members and fearlessly represented and advocated on behalf of the state’s real estate profession, all while strategically planning and investing to strengthen this resolve. “While the REIQ name is well-known and is associated with a high level of trust and integrity, we felt our brand no longer matched the progressive path we’veRead More →

In: Real Estate

Contributed By: James Price - REIQ on

Eliza Owen, CoreLogic Head of Residential Research Australia, sat down with Rob Doorey in episode two of the REIQ’s season three Property Brief Podcast to give an update on the current housing market alongside why she believes there are benefits for buyers in the current market.  The Current Market Owen states the current market has come off its peak, led heavily by the more expensive capital cities.  “Overall Australian housing values our down by 2% since peaking in April of this year,” Owen says.   “It’s clear that no market is immune in the lift to interests rates we’ve seen in the past few months.”  Even though on paper, it would seem like this is a market consumers may want to avoid, there are several factorsRead More →

In: Landlords, Tenants, Renting and Management, Real Estate

Contributed By: Sarah Staerk - Ray White on

In a market first, Ray White Surfers Paradise Group (RWSP) has added a management rights (MR) sales arm to their portfolio, with industry leader Craig Cornish taking the helm. The move is the first time a major real estate player has embraced MR in a meaningful way, pointing to a renewed confidence in the sector after the challenges of the pandemic. Ray White Management Rights Sales will leverage the mammoth brand power Ray White, an Australian-owned brand of over 120 years. With more than 1000 offices across six countries, Ray White is the largest real estate group in Australasia, selling more properties than any otherRead More →

In: Landlords, Tenants, Renting and Management, Real Estate

Contributed By: TheOnsiteManager.com.au on

Nary a week goes by that I don’t get asked how to produce a CMA (Slight exaggeration, but I really wanted an excuse to use the word nary). A lot of managers are really struggling with this task, which is a problem because it’s a vital way to win listings. So here’s a super fast 5 minute walk-through that shows you from start to finish, how to do a CMA. Enjoy!Read More →

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